Mortgage lenders expediently start implementing strict mortgage borrowing standards. JPMorgan Chase announced last week that beginning April 14, 2020, new customers applying for a new mortgage will need a credit score of at least 700, and will be required to...
Mortgage forbearance requests were up to nearly 2,000 percent in the second half of March. The Mortgage Banker Association (MBA) expects deferral request to keep increasing manifold. Sixteen million Americans filed for unemployment claims in the past three weeks. For...
youThe Paycheck Protection Program (PPP) will inject liquidity into small businesses with fewer than 500 employees that the coronavirus or COVID-19 affects. PPP is part of the Coronavirus Aid, Relief, and Economic Security (CARES) that Congress passed and President Donald...
Ten million Americans filed unemployment claims in two weeks, according to the Labor Department reporting. Many economists believe that the US economy will continue to see historic jobless claims until there is a treatment or vaccine, or both for COVDID-19....